Share prices fell 0.61% in volatile trade, snapping a four-day record breaking run on weak global trends as investors locked in profits. Investors preferred to sell equities ahead of the expiry of the monthly futures contract on Thursday and after heavy losses overnight on Wall Street. Sensex closed 95.59 points down at 15,699.33.
Experts commented markets will remain volatile in coming days as investors are expected to further book profits. Earlier in the day Sensex lost over 200 points at mid-session following widespread losses in blue chip stocks, led by capital goods, realty and metal sectors, besides weak global markets.
Experts commented markets will remain volatile in coming days as investors are expected to further book profits. Earlier in the day Sensex lost over 200 points at mid-session following widespread losses in blue chip stocks, led by capital goods, realty and metal sectors, besides weak global markets.
Most of the sectoral indices were in the negative zone with sizable losses.
Given the current state of market where the Bulls were prevailing for last few days, running primarily on stocks with strong fundamentals, the markets should be again looking out for 16,000 mark once July expiry is over.
Hope the Bears are not here to stay for long or is there a correction in waiting !!!
Given the current state of market where the Bulls were prevailing for last few days, running primarily on stocks with strong fundamentals, the markets should be again looking out for 16,000 mark once July expiry is over.
Hope the Bears are not here to stay for long or is there a correction in waiting !!!
